{"id":378121,"date":"2019-04-12T05:00:14","date_gmt":"2019-04-12T05:00:14","guid":{"rendered":"https:\/\/uniquehot.com\/?p=378121"},"modified":"2024-06-11T13:39:18","modified_gmt":"2024-06-11T13:39:18","slug":"ripple-xrp-price-sell","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/","title":{"rendered":"Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies"},"content":{"rendered":"<ul>\n<li>Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar.<\/li>\n<li>The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250.<\/li>\n<li>There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP\/USD pair (data source from Kraken).<\/li>\n<li>The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320.<\/li>\n<\/ul>\n<p><em>Ripple price declined heavily below key supports against the US Dollar and <a href=\"https:\/\/uniquehot.com\/2019\/04\/11\/bitcoin-price-btc-4900-support\/\" target=\"_blank\" rel=\"noopener noreferrer \">bitcoin<\/a>. XRP remains at a risk of more losses towards the $0.3150 or $0.3120 support level.<\/em><\/p>\n<h2>Ripple Price Analysis<\/h2>\n<p>After a continuous failure near the $0.3700 resistance, ripple price started a downside move against the US Dollar. The XRP\/USD pair started a significant decline below the $0.3550 and $0.3480 support levels. There was even a close below the $0.3400 support and the 100 hourly simple moving average. Sellers gained control and pushed the price below the $0.3320 support level. The decline was such that the price even broke the <a href=\"https:\/\/uniquehot.com\/2019\/04\/11\/ripple-showing-signs-of-weakness-but-xrp-price-remains-supported\/\" target=\"_blank\" rel=\"noopener noreferrer \">key $0.3260-0.3250 support area<\/a>.<\/p>\n<p>A new weekly low was formed at $0.3182 and the price settled into a bearish zone. On the upside, an initial resistance is near the $0.3240 level and the 23.6% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low. There is also a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP\/USD pair. The $0.3260 level was a support earlier and now it could act as a strong resistance for buyers.<\/p>\n<p>Above $0.3260, the next key resistance is near the $0.3310 level. The 61.8% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low is also near the same area. If there is a clear break above the $0.3320 level, the price could recover towards the $0.3440 level. On the other hand, if there is a downside break below $0.3180, there might be a test of the $0.3150 support or even $0.3120.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-378122\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?resize=1828%2C868\" alt=\"Ripple Price Analysis XRP Chart\" width=\"1828\" height=\"868\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=1828 1828w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=1536 1536w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=750 750w, https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/04\/Ripple-Price-9.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<p>Looking at the <a href=\"https:\/\/www.tradingview.com\/symbols\/XRPUSD\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">chart<\/a>, ripple price clearly trimmed most its gains and broke key supports near $0.3320 and $0.3260. These are bearish signs, suggesting more losses below $0.3180 in the short term. However, the price is likely to find a strong buying interest near the $0.3120 support arear in the coming sessions (if it continues to decline).<\/p>\n<h2>Technical Indicators<\/h2>\n<p>Hourly MACD \u2013 The MACD for XRP\/USD is struggling to move into the bullish zone.<\/p>\n<p>Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD declined heavily below 40 and it is currently near 28.<\/p>\n<p>Major Support Levels \u2013 $0.3180, $0.3150 and $0.3120.<\/p>\n<p>Major Resistance Levels \u2013 $0.3260, $0.3280 and $0.3320.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple price declined heavily after it broke the key $0.3500 support area against the US dollar. The price broke many supports on the way down such as $0.3440, $0.3350 and even $0.3250. There is a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP\/USD pair (data source from Kraken). The pair is clearly trading in a bearish zone and recovery could face sellers near $0.3260 or $0.3320. Ripple price declined heavily below key supports against the US Dollar and bitcoin. XRP remains at a risk of more losses towards the $0.3150 or $0.3120 support level. Ripple Price Analysis After a continuous failure near the $0.3700 resistance, ripple price started a downside move against the US Dollar. The XRP\/USD pair started a significant decline below the $0.3550 and $0.3480 support levels. There was even a close below the $0.3400 support and the 100 hourly simple moving average. Sellers gained control and pushed the price below the $0.3320 support level. The decline was such that the price even broke the key $0.3260-0.3250 support area. A new weekly low was formed at $0.3182 and the price settled into a bearish zone. On the upside, an initial resistance is near the $0.3240 level and the 23.6% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low. There is also a short term bearish trend line formed with resistance near $0.3260 on the hourly chart of the XRP\/USD pair. The $0.3260 level was a support earlier and now it could act as a strong resistance for buyers. Above $0.3260, the next key resistance is near the $0.3310 level. The 61.8% Fib retracement level of the recent decline from the $0.3394 high to $0.3182 low is also near the same area. If there is a clear break above the $0.3320 level, the price could recover towards the $0.3440 level. On the other hand, if there is a downside break below $0.3180, there might be a test of the $0.3150 support or even $0.3120. Looking at the chart, ripple price clearly trimmed most its gains and broke key supports near $0.3320 and $0.3260. These are bearish signs, suggesting more losses below $0.3180 in the short term. However, the price is likely to find a strong buying interest near the $0.3120 support arear in the coming sessions (if it continues to decline). Technical Indicators Hourly MACD \u2013 The MACD for XRP\/USD is struggling to move into the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD declined heavily below 40 and it is currently near 28. Major Support Levels \u2013 $0.3180, $0.3150 and $0.3120. Major Resistance Levels \u2013 $0.3260, $0.3280 and $0.3320.<\/p>\n","protected":false},"author":67,"featured_media":167743,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[3680,4531],"class_list":["post-378121","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple","tag-xrp"],"acf":[],"yoast_head":"\n<title>Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies<\/title>\n<meta name=\"description\" content=\"Ripple price declined heavily below key supports against the US Dollar and bitcoin. 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XRP remains at a risk of more losses towards the $0.3150 or $0.3120 support level.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-12T05:00:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T13:39:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"741\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aayush Jindal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@twitter.com\/AayushJs\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aayush Jindal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/\"},\"author\":{\"name\":\"Aayush Jindal\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/1f8631be4d0868de3fd2f21f17d9ae70\"},\"headline\":\"Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies\",\"datePublished\":\"2019-04-12T05:00:14+00:00\",\"dateModified\":\"2024-06-11T13:39:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\",\"keywords\":[\"Ripple\",\"xrp\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/#respond\"]}],\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/\",\"url\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/\",\"name\":\"Ripple (XRP) Price Breaks Key Support, Turns Sell on Rallies\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/ripple-xrp-price-sell\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2018\/01\/Ripple_Price_XRP_USD_Analysis15.jpg?fit=1200%2C741\",\"datePublished\":\"2019-04-12T05:00:14+00:00\",\"dateModified\":\"2024-06-11T13:39:18+00:00\",\"description\":\"Ripple price declined heavily below key supports against the US Dollar and bitcoin. 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